One of the best, most innovative and consistent coin auctions on the Proxibid portal is Weaver Signature Coin and Currency whose owners, Dave and Cheryl Weaver, always seem to find new ways to engage bidders. We have profiled them previously with online advertising, tiered bidding, best practices, budget auctions, accurate grading, concise descriptions and more. Today we laud them for “early bird” bidding.
We encourage early bird bidding for rare coins, but not bullion. The price of the latter can vary daily, and so you’re better to attend a live auction or place maximums on the day of the auction. However, if you are selling rare coins, get that catalog up as early as possible (good advertising principle) and then alert your early bird regulars as the Weavers have done.
For an additional enticement, give a 2% discount for all who register and place bids by a certain date. We remember Kurt Krueger of Krueger and Krueger Auctions doing this a few years ago in his first auction to lure bidders away from other Proxibid events.
Krueger Auctions, by the way, has just held two massive events on Proxibid. Like Dave and Cheryl Weaver, Kurt got his catalogs up weeks in advance. Bidding kept getting stronger each day and then topped out with a few buyer wars for cherry lots.
Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.